Research Reports from the Department of Operations
Document Type
Report
Publication Date
9-1-1971
Abstract
A multilocation stochastic inventory problem is dealt with in this dissertation. It is assumed that stock is supplied from a central source and there exists a provision for transfer of stock over the locations. The stockage and transfer decisions are assumed to be centralized. The redistribution is made on the basis of stock review at predetermined points in time between every two consecutive procurement opportunities. Under certain regularity conditions, the optimality of a simple class of transfer rules is established for the two-location system. The optimal stockage rule is also characterized for this system on the supposition that interim transfers will be done in an optimal fashion. The relation of this model to other inventory models and its potential areas of application are mentioned.
Keywords
Operations research, Stochastic processes, Business logistics, Mathematical optimization
Publication Title
Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University
Issue
Technical memorandum no. 240
Rights
This work is in the public domain and may be freely downloaded for personal or academic use
Recommended Citation
Das, Chandrasekhar, "Stockage and Transfer Rules for Multilocation Inventory Control" (1971). Research Reports from the Department of Operations. 564.
https://commons.case.edu/wsom-ops-reports/564